Global Market Outlook For Solar Power / 2017 - 2021

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2016 was a record year for solar. A total of 76.6 GW was installed and connected to the grid in 2016. That’s a 50% year-on-year growth over the 51.2 GW installed in 2015 and the third highest rate recorded since 2010, though at much higher absolute levels. The 76.6 GW exactly coincides with the upper end of the high scenario forecasted in the previous Global Market Outlook, due to a number of markets exceeding expectations. In 2016, global solar power capacity exceeded 300 GW, after it took the 200 GW mark the year before, and the 100 GW level in 2012. The total installed solar PV power capacity increased 33% to 306.5 GW by the end of 2016, up from 229.9 GW in 2015.